A new report from advisory firm Deloitte is forecasting a big jump in Alberta natural gas prices next year, with the country’s first West Coast export facility now up and running.
The Alberta benchmark AECO price is expected to average $2.20 per mmBTU in the second half of this year and then rise to an average of $3.50 per mmBTU in 2026.
It averaged $1.36 per mmBTU last year.
By the end of the forecast in 2032, the average AECO price is expected to hit $4 per mmBTU.
Alberta producers now have an outlet for their gas to markets beyond the United States with LNG Canada shipping its first cargo of ultra-chilled gas across the Pacific to Asia from Kitimat, B.C., last week….